Automotive Interior Trim Parts Market

Automotive Interior Trim Parts Market

Growth Factors of Automotive Interior Trim Parts Market

The automotive interior trim parts market size was valued at USD 42.95 billion in 2022, and the market is now projected to grow from USD 44.04 billion in 2023 to USD 61.19 billion by 2030, exhibiting a CAGR of 4.8% during the forecast period of 2023-2030.

The temporary halt on production units in the consequence of the pandemic has impeded the market expansion. The supply chain disruption due to lockdowns imposition and traveling restrictions had reduced product making competence. The lack of raw supplies and components required for manufacturing interior parts also influenced the market. Therefore, the automotive interior trim parts market growth faced obstacles caused by the COVID-19 pandemic.

The automotive interior trim parts market share globally has augmented as a result of the shifting preferences of customers associated with car aesthetics. Since, the demand for automobiles increases, there is a parallel growth in the demand for interior trim components to equip the cars. Advancements in technology support the rising demand for sophisticated inner components. The end-users are looking for personalized and customizable options for their means of transportation that is impelling demand for the products.

The trend is growing emphasis on sustainability and exploitation of eco-friendly resources is enhancing the market enlargement. Several companies getting awareness about the importance of a positive brand image and corporate social responsibility are obliged to implement the environmental responsibilities. Therefore, the adoption of green imperishable exercises that use recyclable materials for interior trim elements puts in confidence to public perception and supports the CSR initiatives.

Comprehensive Analysis of Automotive Interior Trim Parts Market

The automotive interior trim parts market and automotives business is emerging at exponential speed owing to its market segmentation. This progress of the market is efficiently presenting a thorough regional estimation taking into account the prevailing supply and demand forces that transform the automotives industry. These segmentations are methodically divided by types of material, vehicle, and component. The materials types contain metal, plastic, leather/fabric, and composites. The vehicle types are such as commercial vehicles and passenger cars. The components are classified as door panels, dashboard, headliner, carpets, and seats.

The Asia Pacific region is contributing to the automotive interior trim parts market leading to a recall of USD 23.86 billion because of the improving financial condition and industrialization, which is raising the desire for good-quality products.

The top players in the market play an essential duty in the automotives industry assuring industrial rise and determining the market standards. The companies offering a strong-playing competitive atmosphere to the market include MacDermid, Inc. (U.S.), Lear Corporation (U.S.), LACKS ENTERPRISES, INC. (U.S.), Neaton Auto Products Manufacturing, Inc. (U.S.), Machino Plastics Limited (India), Magna International (Canada), KASAI NORTH AMERICA (U.S.), TOYOTA BOSHOKU CORPORATION (Japan), 3M (U.S.), COBA Automotive Ltd (U.K.), Celanese Corporation (U.S.), 3D Systems, Inc. (U.S.), CIE Automotive (Spain), TMI AUTOMOTIVE PRODUCTS, INC. (U.S.), HEXPOL AB (Sweden), Faurecia (France), and Grupo Antolin (Spain),.

In March 2023, BASF unveiled a new Ultramid Deep Gloss grade and was launched on the garnish of Toyota's latest Prius model. It is exclusively designed to augment the glossiness of interior gadgets.

Segmentation Table

Global Automotive Interior Trim Parts Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 4.8% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Vehicle Type

Passenger Cars

Commercial Vehicles

By Material Type

Leather/Fabric

Metal

Plastic

Composites

Others

By Component

Seats

Dashboard

Door Panels

Headliner

Carpets

Others

By Level

Base

Mid-Level

High-end

By Geography

North America (By Vehicle Type, By Material Type, By Component, By Level)

U.S. (By Vehicle Type)

Canada (By Vehicle Type)

Mexico (By Vehicle Type)

Europe (By Vehicle Type, By Material Type, By Component, By Level)

U.K. (By Vehicle Type)

Germany (By Vehicle Type)

France (By Vehicle Type)

Rest of Europe (By Vehicle Type)

Asia Pacific (By Vehicle Type, By Material Type, By Component, By Level)

China (By Vehicle Type)

Japan (By Vehicle Type)

India (By Vehicle Type)

South Korea (By Vehicle Type)

Rest of the Asia Pacific (By Vehicle Type)

Rest of the World (By Vehicle Type, By Material Type, By Component, By Level)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.